Advanced Placement (AP), 03.05.2021 16:20, melikefood01
Here are some scenarios:
ā¢ According to market research, a business has a 75% chance of making money in the first 3
years.
ā¢ According to lab testing, of a certain kind of experimental light bulb will work after 3 years.
ā¢ According to experts, the likelihood of a car needing major repairs in the first 3 years is 0.7.
1. Write the scenarios in order of likelihood from least to greatest after three years: the business
makes money, the light bulb still works, and the car needs major repairs.
2. Name another chance experiment that has the same likelihood as one of the scenarios.
Answers: 3
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